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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Vendit™ who wrote (3288)	1/1/2005 6:31:45 AM
From: Walkingshadow	Read Replies (1) \| Respond to of 8752

Hi Reid, Happy New Year, first of all. Second of all, in a few days U.S.C. (University of Spoiled Children) is gonna give those boys from the midwest a lesson in how to play the game of football, and will then become the unchallenged, undefeated, untied #1 team in the country. But on to more important things. I see you like my "sexy" MACD settings. <gggg> 139.142.147.218 If you extend the regression channel back to the trend reversal, you will see that the top rail is indeed spot on your $10.50 resistance level. On the weekly chart (with a very un-sexy MACD setting), the thing that bothers me the most is that big black volume heavy candle where the monster gap down occurred back in April. 139.142.147.218 I guess that would qualify as one of your patented "power candles." The high of the day (April 27) when that gap down occurred was $10.50, and the volume was about 8 times normal volume. So that $10.50 level will be formidable resistance. So I'd agree that CAMP looks very likely to test that $10.50 resistance. It will take a lot of momentum and sustained volume for CAMP to rally through that level. We'll just have to see how it plays out. I very nearly closed the position on Friday when it ran up to $9, but I think I'll probably just hold now and look for an exit closer to $10.50 (but I'll probably take at least partial profits sooner than that). A very nice chart, thanks. T